Sunway City lines up first Malaysian CMBS

Sunway City, the Malaysian property developer with interests in hotels, the leisure industry and health care, is to give the Malaysian securitization marker a welcome boost with a M$450 million $118.4 million commercial mortgage backed CMBS transaction.

Deutsche Bank will act as sole lead manager and bookrunner on the deal, to be launched through the ABS Real Estate special purpose vehicle later this month. The transaction will not only be the first CMBS launched into the still embryonic Malaysian ABS...